11/04/2020
To further reiterate the importance of Virtual Reality as a tool to enhance the offerings of virtual tours. “The virtual reality market will be worth an estimated $80 billion by 2025, with $2.6 billion of that stemming from real estate, according to a Goldman Sachs report”-GoldmanSachs,2020.
The pandemic has given rise to immersive tools like Virtual Reality as these technologies allow businesses to operate and even grow despite the challenges of socially distancing and overall accessibility.
According to Local Logic, Canadian real estate portals are reporting an increase of between 200-500% in requests for virtual home tours as the pandemic has taken hold. This has undoubtedly increased the adoption rate for immersive technology as a whole as another report estimates that “In 2020, consumer spending on reality technologies is projected to reach $7 billion, and distribution and services spending on the technologies could reach $4.4 billion”-Retaildive,2020.
As great as it is right now the most exciting aspect is that this is only the beginning. A significant amount of companies have invested in Virtual Reality and Augmented Reality to bring products and services conveniently into your home. Imagine being able to furnish your future house with IKEA products or better yet, scna your existing items into 3D objects and then be able to place it into the digital twin of your future property. This is actually already possible but not in a widely available or commercial manner. So embrace the change and start using it now as the value is undeniable.
Sources
https://bit.ly/3mU7iEb
https://bit.ly/2GpDQ9E